Vontier Appoints David M. Foulkes to Board of Directors

Rhea-AI Summary

Vontier Corporation (NYSE: VNT) has appointed David M. Foulkes to its Board of Directors, effective March 1, 2023. Foulkes, who has been CEO of Brunswick Corporation since January 2019, brings a wealth of experience in industrial technology, digital transformation, and global manufacturing. He previously held significant roles at Ford Motor Company for 18 years. Board Chair Karen Francis and CEO Mark Morelli emphasized Foulkes’ potential contribution to Vontier's growth and innovation in the mobility ecosystem, given his robust technology background and industry insights.

Positive

• Appointment of David M. Foulkes expected to enhance board expertise in digital transformation.
• Foulkes' diverse industrial and technological experience may drive innovation and growth.

Negative

• Transition to new board member could lead to a temporary adjustment period.
• Potential concerns regarding continuity due to new leadership perspectives.

RALEIGH, N.C.--(BUSINESS WIRE)-- Vontier Corporation (NYSE: VNT), a leading global provider of critical technologies and solutions to the mobility ecosystem, today announced the appointment of David M. Foulkes, to Vontier’s Board of Directors, effective March 1, 2023.

"We are extremely pleased to welcome David to our Board,” said Karen Francis, Chair of the Board of Directors at Vontier. "David is a proven leader with a passion for innovation and demonstrated expertise in digital transformation. He brings extensive experience in industrial technology, a global perspective and a deep understanding of global manufacturing. I am confident he will make a significant contribution to our Board and the Company.”

Mr. Foulkes has served as Chief Executive Officer and Director for Brunswick Corporation (“Brunswick”) since January 2019. Prior to his role as CEO, Mr. Foulkes served as Brunswick’s Chief Technology Officer and President, Brunswick Marine Consumer Solutions as well as head of product development at Mercury Marine. Prior to joining Brunswick, Mr. Foulkes spent 18 years with Ford Motor Company in a series of assignments of progressing responsibilities. Mr. Foulkes holds a Master’s degree in Structural and Fluid Mechanics and a Bachelor of Science in Aeronautics from Imperial College London.

“I look forward to David’s guidance as we strengthen our leadership position across the mobility ecosystem,” said Mark Morelli, Vontier’s Chief Executive Officer. “His strong technology background and industry knowledge will provide invaluable insights to support our next chapter of growth and value creation.

ABOUT VONTIER

Vontier is a global industrial technology company at the forefront of solving next-gen mobility challenges. Guided by the Vontier Business System and an unwavering commitment to our customers, Vontier delivers smart, sustainable solutions for the road ahead.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230126005663/en/

Ryan Edelman

Vice President, Investor Relations

Vontier Corporation

Telephone: (984) 238-1929

Source: Vontier Corporation

FAQ

Who is David M. Foulkes and what experience does he bring to Vontier?

David M. Foulkes, newly appointed to Vontier's Board, has extensive experience in industrial technology and digital transformation, previously serving as CEO of Brunswick Corporation and having spent 18 years at Ford.

What is the significance of David Foulkes’ appointment for Vontier?

His appointment is expected to enhance Vontier's leadership in the mobility ecosystem and drive innovation through his technological expertise.

When did David M. Foulkes join Vontier’s Board of Directors?

David M. Foulkes joined Vontier's Board of Directors on March 1, 2023.

What are Vontier's goals following the appointment of David M. Foulkes?

Vontier aims to strengthen its leadership position and drive value creation across the mobility ecosystem with Foulkes' insights.